Inside Washington

September 28, 2015

WASHINGTON (9/28/15)--The recent action taken by the U.S. Department of Justice and Consumer Financial Protection Bureau against Hudson City Savings Bank could the first in a string of similar cases, according to a report in American Banker. Hudson City was the subject of the largest redlining action in history last week, due to allegedly providing unequal access to credit in majority-black-and-Hispanic neighborhoods. According to American Banker, officials have mentioned that the same type of behavior has been observed in other institutions and investigations are ongoing…

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